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This is not a charity in the tax sense (a 501(c) organization), it's a limited liability company. So if there are tax benefits, I don't think they come from a g
by vilhelm_s 11y ago
This is not a charity in the tax sense (a 501(c) organization), it's a limited liability company. So if there are tax benefits, I don't think they come from a government policy to increase charitable spending.
- 542458 11y agoI don't understand this comment - You don't have to be a charity to do charitable works, and an LLC can be a charity. Note that the Bill & Melinda Gates Foundation is a Foundation (which is not all that different from an LLC without shareholders from a tax+reporting perspective), and does lots of charitable works.
- prostoalex 11y agoThe tax treatment of a charitable foundation (as opposed to an LLC) is very different.